Information Builders Case Studies Banco Interacciones Achieves Peak Performance With WebFOCUS

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	Banco Interacciones Achieves Peak Performance With WebFOCUS Information Builders

Banco Interacciones Achieves Peak Performance With WebFOCUS

Information Builders

Technology Category	Analytics & Modeling - Predictive Analytics Analytics & Modeling - Real Time Analytics
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation
Use Cases	Predictive Maintenance Supply Chain Visibility
Services	Data Science Services System Integration
Challenge	As Banco Interacciones expanded, the board of directors wanted to centralize its monitoring and analysis operations via a web-based portal with an array of next-generation dashboards. The system would let managers and key stakeholders access detailed information pertaining to the bank’s activity, as well as help the commercial banking department to achieve its weekly performance goals. The bank carried out a series of initiatives to address these issues, implementing various reporting tools and dashboards, but the results fell short of expectations. As a result, the bank’s Administrative and Finance Corporate Board decided to embark on an ambitious IT project to select a business intelligence (BI) tool that could deliver this functionality. Read More
About Customer	Banco Interacciones, a subsidiary of Mexican holding company Grupo Financiero Interacciones, is a niche bank specializing in lending to Mexican states and municipalities. The financial services organization provides personal, corporate, and government banking services. It also offers agribusiness support services and corporate and project financing services. As Banco Interacciones expanded, the board of directors wanted to centralize its monitoring and analysis operations via a web-based portal with an array of next-generation dashboards. The system would let managers and key stakeholders access detailed information pertaining to the bank’s activity, as well as help the commercial banking department to achieve its weekly performance goals. Read More
Solution	Banco Interacciones selected Information Builders’ WebFOCUS BI and analytics platform to handle all the front-end aspects of the Sherpa Project, especially the visual presentation of information through reports and executive dashboards. The bank wanted to empower the management team with detailed knowledge of financial and operational activities, as well as help managers throughout the enterprise to track daily, weekly, and monthly progress towards corporate goals. The bank decided to centralize data monitoring and analysis through a BI portal and a new set of dashboards, but needed a software vendor that would join in the effort as a true business partner. Information Builders rose to the occasion. The development team divided the BI project into three stages: tactical, strategic, and operational. The strategic BI implementation focuses on key performance indicators that help management monitor the corporation, with data rolled up from the bank’s various lines of business. The tactical BI implementation helps departmental mangers assess progress within their respective domains, from government and commercial banking to investment services. The operational BI implementation lets people use an analysis dashboard to pose “what if” queries, drilling down to determine why certain events did or did not occur. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Analytics & Modeling - Real Time Analytics

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Use Cases

Predictive Maintenance

Supply Chain Visibility

Services

Data Science Services

System Integration

Challenge

As Banco Interacciones expanded, the board of directors wanted to centralize its monitoring and analysis operations via a web-based portal with an array of next-generation dashboards. The system would let managers and key stakeholders access detailed information pertaining to the bank’s activity, as well as help the commercial banking department to achieve its weekly performance goals. The bank carried out a series of initiatives to address these issues, implementing various reporting tools and dashboards, but the results fell short of expectations. As a result, the bank’s Administrative and Finance Corporate Board decided to embark on an ambitious IT project to select a business intelligence (BI) tool that could deliver this functionality.

About Customer

Banco Interacciones, a subsidiary of Mexican holding company Grupo Financiero Interacciones, is a niche bank specializing in lending to Mexican states and municipalities. The financial services organization provides personal, corporate, and government banking services. It also offers agribusiness support services and corporate and project financing services. As Banco Interacciones expanded, the board of directors wanted to centralize its monitoring and analysis operations via a web-based portal with an array of next-generation dashboards. The system would let managers and key stakeholders access detailed information pertaining to the bank’s activity, as well as help the commercial banking department to achieve its weekly performance goals.

Solution

Banco Interacciones selected Information Builders’ WebFOCUS BI and analytics platform to handle all the front-end aspects of the Sherpa Project, especially the visual presentation of information through reports and executive dashboards. The bank wanted to empower the management team with detailed knowledge of financial and operational activities, as well as help managers throughout the enterprise to track daily, weekly, and monthly progress towards corporate goals. The bank decided to centralize data monitoring and analysis through a BI portal and a new set of dashboards, but needed a software vendor that would join in the effort as a true business partner. Information Builders rose to the occasion. The development team divided the BI project into three stages: tactical, strategic, and operational. The strategic BI implementation focuses on key performance indicators that help management monitor the corporation, with data rolled up from the bank’s various lines of business. The tactical BI implementation helps departmental mangers assess progress within their respective domains, from government and commercial banking to investment services. The operational BI implementation lets people use an analysis dashboard to pose “what if” queries, drilling down to determine why certain events did or did not occur.

Impact #1	Greater flexibility in the way information is presented
Impact #2	Complete monitoring and control over all information processes
Impact #3	Centralized source of data accessible through the portal

Impact #1

Greater flexibility in the way information is presented

Impact #2

Complete monitoring and control over all information processes

Impact #3

Centralized source of data accessible through the portal

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Overview

Banco Interacciones Achieves Peak Performance With WebFOCUS

Operational Impact